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New York court dismisses whistleblower’s libel suit against UBS

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FILE PHOTO: The logo of Swiss bank UBS at an office building in Zurich July 27, 2015. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – A New York appeals court has dismissed a U.S. whistleblower’s $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at Read More

Weinstein reaches $44m compensation deal with accusers

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Harvey Weinstein has reached a tentative compensation deal worth $44m with women who have accused him of sexual misconduct, Sky News understands. His former film studio’s board members and executives are also part of the deal, after they were accused of failing to protect employees from a hostile work environment and Weinstein’s conduct. Adam Harris, Read More

India’s jobs deficit: Project in Gujarat struggling to create employment

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GANDHINAGAR, India (Reuters) – When he was chief minister of the Indian state of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project to develop a financial hub in the style of Singapore or Dubai. People walk past buildings under construction at the Gujarat International Finance Tec-City (GIFT) at Gandhinagar, in Read More

Musk’s SpaceX sues U.S. Air Force over rocket-building contracts: filings

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ORLANDO, Fla. (Reuters) – Billionaire Elon Musk’s SpaceX accused the U.S. Air Force of breaking contracting rules when it awarded money to three rocket makers but passed on Musk’s rival bid, and said the tender should be reopened, according to a court filing unsealed on Wednesday. FILE PHOTO: SpaceX headquarters is shown in Hawthorne, California, Read More

Musk’s SpaceX sues U.S. Air Force over rocket-building contracts: filings

3 days ago DieselGasoil Comments Off on Musk’s SpaceX sues U.S. Air Force over rocket-building contracts: filings
ORLANDO, Fla. (Reuters) – Billionaire Elon Musk’s SpaceX accused the U.S. Air Force of breaking contracting rules when it awarded money to three rocket makers but passed on Musk’s rival bid, and said the tender should be reopened, according to a court filing unsealed on Wednesday. FILE PHOTO: SpaceX headquarters is shown in Hawthorne, California, Read More

Pipeline opponents challenge Louisiana law targeting protesters

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HOUSTON (Reuters) – Environmental groups and demonstrators arrested near an Energy Transfer LP crude pipeline filed a lawsuit on Wednesday challenging a 2018 Louisiana state law that made trespassing near oil and gas pipelines a criminal offense. Felony charges that carry sentences of up to five years in prison were brought last year against protesters Read More

Texas environmentalists plan lawsuit against Valero for pollution

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FILE PHOTO: The Valero refinery next to the Houston Ship Channel is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File Photo HOUSTON (Reuters) – Three Texas environmental groups notified Valero Energy Corp on Wednesday of plans to file a lawsuit under the U.S. Clean Air Act for pollution at the company’s Port Arthur, Read More

U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

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A T-Mobile store is pictured in the Manhattan borough of New York, New York, U.S., May 20, 2019. REUTERS/Carlo Allegri WASHINGTON (Reuters) – The U.S. Justice Department’s antitrust division staff has recommended the agency file a lawsuit to block T-Mobile US Inc’s $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar Read More

U.S. judge hammers Qualcomm in antitrust case, shares sink 13%

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(Reuters) – Qualcomm Inc used unlawful, anticompetitive practices to license patents for modems used in mobile phones, a judge has ruled in a case brought by the U.S. trade regulator, ordering it to renegotiate major deals and change how it does business. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, Read More

U.S. judge rules Qualcomm practices violate antitrust law

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FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake (Reuters) – Qualcomm Inc unlawfully suppressed competition in the market for cellphone chips and used its dominant position to impose excessive licensing fees, a U.S. judged ruled, sending the company’s shares down 13 percent in Read More